Edward W. Bailey, Grain Operator

Special to the New York Times

Chicago, jan 2 - Edward W. Bailey, a member of the Board of Trade since July, 1870, died suddenly today, aged 77 years. Mr. Bailey was known in all leading grain markets of the country, making his start in Vermont and coming West in 1871.

His operations were large and highly successful. In 1893, during the panic, he was forced to suspend through the failure of John Cudahy. Fourteen years afterward, in 1907, he paid out over $ ?25,000, with interest at 6 per cent to all creditors although not obliged to pay a cent. He regarded it as a moral obligation.

Source: New York Times, Saturday, January 3, 1920

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